Interest rates could be cut on Trump impact

By Steve RandallFont size :

Analysts have revised their expectation for an interest rate cut following the result of the US presidential election.

Experts were talking of early 2018 for any change in the Bank of Canada rate but now believe that a cut could be required sooner if exports are affected by new White House policies according to a Reuters poll.

The Conference Board of Canada addressed the issue of the North American Free Trade Agreement, which President Trump has previously promised Americans he would renegotiated to get a better deal.

“Canada should be concerned about potential protectionist policies, but should not panic,” the Conference Board said, noting that it is not clear which comments made in the election campaign would translate into policy.

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